Constellation Brands, Inc. (NYSE:STZ) Holdings Raised by Private Asset Management Inc.

Private Asset Management Inc. raised its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 106.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,975 shares of the company’s stock after buying an additional 2,566 shares during the period. Private Asset Management Inc.’s holdings in Constellation Brands were worth $872,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. New England Research & Management Inc. boosted its stake in shares of Constellation Brands by 22.6% during the 1st quarter. New England Research & Management Inc. now owns 2,575 shares of the company’s stock valued at $451,000 after buying an additional 475 shares during the period. Planning Directions Inc. boosted its stake in shares of Constellation Brands by 18.7% during the 1st quarter. Planning Directions Inc. now owns 3,668 shares of the company’s stock valued at $643,000 after buying an additional 577 shares during the period. Fulton Bank N.A. boosted its stake in shares of Constellation Brands by 26.3% during the 1st quarter. Fulton Bank N.A. now owns 5,977 shares of the company’s stock valued at $1,047,000 after buying an additional 1,246 shares during the period. Cox Capital Mgt LLC boosted its stake in shares of Constellation Brands by 1.2% during the 1st quarter. Cox Capital Mgt LLC now owns 12,305 shares of the company’s stock valued at $2,157,000 after buying an additional 151 shares during the period. Finally, Burns J W & Co. Inc. NY boosted its stake in shares of Constellation Brands by 5.2% during the 1st quarter. Burns J W & Co. Inc. NY now owns 11,100 shares of the company’s stock valued at $1,946,000 after buying an additional 553 shares during the period. Hedge funds and other institutional investors own 73.28% of the company’s stock.

A number of equities research analysts have issued reports on STZ shares. Argus decreased their target price on shares of Constellation Brands from $260.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, January 11th. Pivotal Research reissued a “buy” rating and set a $265.00 target price (down previously from $300.00) on shares of Constellation Brands in a research note on Wednesday, January 9th. Goldman Sachs Group upgraded shares of Constellation Brands from a “neutral” rating to a “buy” rating and set a $211.00 price target on the stock in a report on Thursday, January 10th. HSBC upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating in a report on Monday, January 7th. They noted that the move was a valuation call. Finally, Jefferies Financial Group restated a “buy” rating and set a $258.00 price target on shares of Constellation Brands in a report on Wednesday, January 16th. Eleven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. Constellation Brands has an average rating of “Buy” and an average price target of $223.13.

In other news, Director Barry A. Fromberg sold 1,500 shares of Constellation Brands stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $174.72, for a total transaction of $262,080.00. Following the sale, the director now directly owns 18,240 shares in the company, valued at approximately $3,186,892.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Barry A. Fromberg sold 810 shares of Constellation Brands stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $173.05, for a total transaction of $140,170.50. Following the sale, the director now owns 20,550 shares in the company, valued at $3,556,177.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,361 shares of company stock worth $6,147,173. 15.80% of the stock is owned by company insiders.

NYSE:STZ opened at $212.16 on Friday. Constellation Brands, Inc. has a 52-week low of $150.37 and a 52-week high of $236.62. The company has a current ratio of 1.16, a quick ratio of 0.49 and a debt-to-equity ratio of 0.92. The stock has a market cap of $39.40 billion, a PE ratio of 22.86, a P/E/G ratio of 2.84 and a beta of 0.45.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Thursday, April 4th. The company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.12. Constellation Brands had a net margin of 38.67% and a return on equity of 15.63%. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the firm posted $1.90 EPS. The business’s revenue was up 2.0% compared to the same quarter last year. On average, research analysts expect that Constellation Brands, Inc. will post 8.51 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be given a dividend of $0.75 per share. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.74. This represents a $3.00 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Thursday, May 9th. Constellation Brands’s payout ratio is 10.02%.

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Constellation Brands Company Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands.

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Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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